A carbon equivalency of 0.4 is different from a carbon content of 0.4.
The carbon equivalency formula used will provide guidelines on how the information is to be applied. There are several CE formulas to select from and each will result in a different CE value depending on the alloying elements under consideration.
From a weldability standpoint, 0.3% carbon is often considered the upper limit to ensure ease of welding. That is not to say you cannot weld steels with higher carbon content, it simply means that preheat is often required and the degree of restraint plays a more important role in obtaining successful welds.
Carbon equivalency is the sum effects of the alloying constituents under consideration. As mentioned already, there are several CE formulas that can be used. The guidelines provided with the specific CE formula used are applied only when that formula is used, they are not universally applied to every CE formula. The CE will typically be higher than the carbon content because alloying constituents such as manganese, silicon, chrome, nickel, copper, etc. increase the CE. However, those alloys do not have the same influence on hardenability and cracking problems as does the equivalent amount of carbon, thus each alloying constituent is assigned a different factor depending on the equation used. CE values on the order of 0.6 are frequently welded without extreme measures being required. Again, the CE is dependent on the alloys considered by the specific equation used to calculate CE.
ASTM A106 is a carbon manganese alloy that is used for higher temperatures than ASTM A53 for example. The ASTM A53 is a carbon steel alloy that requires higher carbon content than the A106 for the same strength. The added carbon content of A53 makes it more susceptible to graphitization when subjected to high temperature for extended periods of time. The A106, being alloyed with manganese and carbon has a lower carbon content and is not as prone to graphitization as is the A53.
Both ASTM A53 and A106 are considered to be easily welded and neither have a history of either longitudinal or transverse cracks if the proper filler metal is used and the proper welding technique is used to ensure sound welds.
Best regards - Al